GBPAUD (30m): TECHNICAL ANALYSIS
SUMMARY
GBPAUD is currently in a moderate downtrend, with sellers defending key resistance levels. A break below 1.9874 could trigger further downside towards TP zones. However, bullish buy limits at 1.9648 and 1.9613 suggest potential demand at lower levels. Trade cautiously, manage risk, and follow the trend confirmation signals.
TREND & MARKET STRUCTURE
KEY LEVELS
INDICATOR CONFIRMATIONS
TRADE PLAN
GBPAUD is currently in a moderate downtrend, with sellers defending key resistance levels. A break below 1.9874 could trigger further downside towards TP zones. However, bullish buy limits at 1.9648 and 1.9613 suggest potential demand at lower levels. Trade cautiously, manage risk, and follow the trend confirmation signals.
TREND & MARKET STRUCTURE
- GBPAUD is showing signs of a moderate downtrend with a 38.1% confidence level.
- Price action is consolidating near resistance levels, with multiple pivot highs forming.
- Current structure suggests a potential reversal or deeper pullback before resumption of trend.
KEY LEVELS
- Sell Limit @ 1.99065 โ Placed near recent resistance.
- Sell Stop @ 1.98740 โ Positioned for momentum breakdown.
- TP1 @ 1.98121
- TP2 @ 1.97600 (Mid Pivot)
- TP3 @ 1.97217
- TP4 @ 1.96642
- Buy Limits: Placed at 1.96482 and 1.96137 near strong support.
- Buy Stoploss @ 1.95974 โ Protecting against further downside.
INDICATOR CONFIRMATIONS
- Price remains above the 50 EMA but shows resistance at local pivot highs.
- DT (Downtrend) signals have appeared, indicating possible weakness.
- Short-term price action suggests exhaustion near resistance, increasing probability of a sell-off.
TRADE PLAN
- Bearish Bias: Short positions are preferred unless price breaks above 1.99226.
- Entry Confirmation: Look for rejection signals near Sell Limit or a breakdown past the Sell Stop.
- Risk Management: Adjust stop-loss accordingly, targeting the layered TP levels.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.